Dow Corning reported that the adjusted net income for 2013 and 2012 excluded gains from long-term sales agreements. Additionally, adjusted net income for 2013 excluded restructuring expenses, charges for impaired assets and a gain from a favorable derivative contract.

“Despite the significant pricing challenges we’ve faced in the past 18 months, Dow Corning maintains its industry leading financial foundation,” Dow Corning Executive Vice President and Chief Financial Officer J. Donald Sheets said. “In the past year we’ve paid down debt and maintained stable cash levels, carrying a strong balance sheet which will enable us to adapt and invest in the growth of our business.”